Newcastle-based practice Ryder Architecture has merged with healthcare and education specialists Devereux to create a £15 million turnover business with a combined workforce of 180 staff
The move sees Ryder, ranked 46 in last year’s AJ100 table of the nation’s largest practices, buy London-headquartered Devereux Architects from its parent company, the PM Group.
Once the 25th largest employer of architects in the country with a UK turnover of £8.4 million (see AJ100 2010), Devereux was bought by international project delivery specialists in 2007 and had been trading as PM Devereux.
However, the company slipped out of the AJ100 rankings two years ago and, according to its latest accounts for the year ending 31 December 2016, its fee income had recently fallen to just over £2 million.
The combined company has offices in Newcastle, London, Glasgow, Liverpool, Hong Kong and Vancouver. As part of the deal, all 35 of Devereux’s staff will move into Ryder’s existing office in Fitzrovia.
The move effectively spells the end of the 78-year-old Devereux Architects name.
Nic Allen, director at Devereux said: ‘We have been working with Ryder for a while and have a number of mutual clients nationally so integrating the practices was a natural evolution of the relationship.
’We are extremely excited about this venture, which brings benefits to both practices and will lead to great opportunities for our people and our clients.’
Mark Thompson, managing partner at Ryder, said he was ‘delighted’ to welcome the Devereux team and hoped the deal would ‘bring greater capacity to [its] London team, which is enjoying a period of growth’.
Ryder Architecture’s £65million development at Newcastle’s Science Central which was approved in August 2017